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Marketing Research and Information System

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Presentation on theme: "Marketing Research and Information System"— Presentation transcript:

1 Marketing Research and Information System
Chapter 8 Marketing Research and Information System

2 Chapter Outline Nature of Marketing Research
Marketing Information Sources Secondary Research - Private Sources - Public Sources Primary Research Sampling

3 Chapter Outline Basic Methods of Data Collection - Observation
- Questioning Measurement - Conceptual Equivalence - Instrument Equivalence - Linguistic Equivalence - Response Style - Measurement Timing - External Validity

4 Chapter Outline Marketing Information System - System Development
- Desirable Characteristics - Subsystems

5 Marketing Research Systematic gathering, recording, and analyzing of data

6 Marketing Information Sources
Primary data - information collected firsthand to answer specific, current research questions - advantages: specific, relevant, and up-to-date information - disadvantages: high cost and amount of time

7 Marketing Information Sources
Secondary data - information already been collected for other purposes - advantages: lower cost and time - disadvantages: less meaningful data

8 Basic Methods of Data Collection
Observation - advantages: more objective data - disadvantages: not as versatile, higher cost, and more time Questioning - advantages: versatility, speed (time), and cost - disadvantages: less objective data

9 Measurement Reliability - instrument yielding consistent results
Internal Validity - instrument measuring what it is supposed to measure External Validity - ability to generalize research result to other populations

10 Measurement Issues Conceptual Equivalence
- a concept being interpreted in the same manner in various cultures Functional Equivalence - an object performing the same function in various countries Definitional or Classification Equivalence - an object being defined or classified in the same way in various countries

11 Measurement Issues Instrument Equivalence
- emic instrument: instrument designed to be used in only one culture - etic instrument: instrument designed to be applied in various cultures Linguistic Equivalence - translation that is equivalent to the original language

12 Measurement Issues Response style - acquiescence - extreme responding
- use of the middle response category on the rating scales - socially desirable responding Measurement Timing - simultaneous - sequential - independent

13 Translation Techniques
back translation parallel-blind translation committee approach random probe decentering


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